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SPIC's Green Energy Development in the Eyes of Ambassadors to China
Shanghai Electric Group (601727.SH): The land use rights for 1111 Humin Road, Shanghai, that are held are proposed to be stored.
On December 30, Gelonghui reported that Shanghai Electric Group (601727.SH) announced that according to the letter from the Jiangchuan Road Street Office of Minhang District, Shanghai, regarding the "Initiation of the Acquisition and Reserve Work for the State-Owned Land Use Rights at 1111 and 1201 Humin Road, Shanghai Electric Group," to accelerate urban construction needs in Minhang District and effectively promote economic development, Minhang District plans to store the land located at 1111 Humin Road, Shanghai, held by the company. On December 30, 2024, the company's Board of Directors reviewed and approved the proposal regarding the land storage at 21111 Humin Road, Shanghai, and agreed to the company holding the land.
Hong Kong stock market morning report on December 30: The economic growth of Hong Kong in 2024 is expected to be 2.5%. Guolian's merger with Minsheng Securities has been approved by the Securities Regulatory Commission.
① The economic growth of Hong Kong is expected to be 2.5% in 2024; ② This year, the number of startups in Hong Kong reached a record high of 4,694; ③ The Hong Kong Stock Exchange released a 2024 review revealing more positive insights; ④ Guolian's acquisition of Minsheng Securities has been approved by the Securities Regulatory Commission.
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In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.
